Potassium chloride slightly decreased in May, the future market is weak

1、 Price trend


Benzalkonium chloride

According to the Commodity Analysis System of Shengyishe, the domestic market for imported potassium chloride slightly declined in early May, with prices falling within 50 yuan/ton compared to the beginning of the month. As of the end of this week, potassium chloride was quoted at 2516 yuan/ton, a decrease of 0.66%.


2、 Market analysis


In the first half of the year, the domestic potassium chloride market continued its previous consolidation trend, with little fluctuation. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the low arrival volume from April to May, the domestic market has shown a basic balance between supply and demand, and there has been no surplus situation in the market. The price still remains rigid and strong. However, downstream factories generally have a resistance towards high prices, and the peak season for spring farming procurement is gradually coming to an end. Most enterprises have already replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing.


Sodium Molybdate

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market is average, with price fluctuations varying and not significant. In the first half of the month, the market price of potassium carbonate slightly increased, rising from 6950 yuan/ton at the beginning of the month to 7050 yuan/ton at the end of this week, an increase of 1.4%. The potassium nitrate market has slightly declined, with a decrease of 0.25%. The price has dropped from 4962 yuan/ton at the beginning of the month to 4950 yuan/ton at the end of this week. Overall, the downstream market for potassium chloride is sluggish, which may pose a constraint on potassium chloride in the later stage.


3、 Future Market Forecast


In mid to late May, the overall trend of potassium chloride market may continue to be weak. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.


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